Insurance Technical Services

PV Insurance Technical Services refer to full-cycle technical support provided by specialized institutions (or insurers' in-house teams) for photovoltaic insurance operations. These services leverage PV expertise to help insurers and plant owners address technical challenges in insurance processes, enabling precise risk assessment, efficient claims handling, and proactive risk mitigation.

PV power plants, being equipment-intensive (with modules, inverters, etc.) and operating for 20-25 years, are highly vulnerable to both natural hazards (storms, hail, lightning) and technical factors (equipment failures, poor maintenance). This creates a significant "technical information gap" in insurance: insurers may lack PV expertise to accurately assess risks, while owners may struggle with proper coverage or claims due to limited technical knowledge. These services bridge the gap between insurance operations and PV technology, helping insurers avoid "blind underwriting" or disputes, while enabling owners to obtain tailored coverage and fair compensation during incidents. Ultimately, they facilitate stable risk transfer throughout a plant's lifecycle.

Pre-insurance Risk Assessment

Provides technical risk analysis to insurers for determining coverage scope, premium pricing, and exclusions. Includes:

Plant condition evaluation: Module quality (degradation, wind/snow resistance), inverter reliability, system design compliance, and O&M standards.

Environmental risk analysis: Assesses local natural hazards (hail, typhoons, lightning) and plant protection measures (lightning protection, impact-resistant modules).

Historical data review: Analyzes accident rates and common failures (hotspots, inverter burnout) in similar plants.

Claims Technical Appraisal

Offers professional damage assessment during incidents (equipment damage, generation loss):

Root cause analysis: Uses EL testing, thermal imaging, inverter data, and structural analysis to determine causes (natural disasters, defects, or human errors).

Loss quantification: Calculates replacement costs, repair timelines, and generation losses (using historical data and yield models).

Dispute resolution: Provides neutral technical reports for insurer-owner disagreements.

Full-cycle Risk Mitigation

Provide technical solutions to reduce risks for insurance companies and property owners in photovoltaic power plants, thereby minimizing the occurrence of insurance incidents:

Identifies weak points in design (component selection, mounting structures), construction (lightning protection), and O&M (inspection frequency).

Forecasts risks (extreme weather, structural aging, flooding) using meteorological and equipment degradation data.